A Company That Commits to TQM Adopts a Process-Oriented Focus

question 31

True/False

A company that commits to TQM adopts a process-oriented focus rather than the product-oriented focus which traditional organizations typically have.

---

Definitions:

Life Estate

A legal arrangement where an individual has the right to occupy, use, or benefit from a property during their lifetime, after which the property reverts to another designated person or the estate.

Retain

To keep possession of or continue to hold or employ someone or something.

Concurrent Ownership

A form of property ownership in which two or more parties possess rights to the same property at the same time.

Joint Tenancy

A form of co-ownership where two or more persons hold an undivided interest in property with the right of survivorship, meaning when one owner dies, their interest passes to the surviving co-owner(s).